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01-12-2014

MRPL inks MOU to set up a petroleum terminal

Mangalore Refinery and Petrochemicals Limited has entered into an MoU with STC Mauritius and IndianOil, to set up a Petroleum Terminal at Mauritius.

This Joint Venture Terminal to be constructed with an investment of around USD 130 millionwill facilitate re-exporting of  Petroleum Products from Mauritius to Indian Ocean Islands and Mainland Africa, thereby making Mauritius into a petroleum hub, besidesenhancing the oil supply security status of Mauritius.

Currently MRPL exports about 1.2 MMTPA of Petroleum Products to Mauritius through STC-M.  MRPL has been successfully supplying the total fuel requirement of Mauritius through the STC-M since 2006.

The MoU was signed by  Shri Krishna Hegde, General Manager (TS: Inspection & Engineering) in the presence of Shri P S Ravindran, Group General Manager (i/c Finance) in presence of Honourable Cader Sayed-Hossen, Minister of Industry, Commerce and Consumer Protection – Government of Mauritius and His Excellency Shri Anup Kumar Mudgal, the High Commissioner of India in Mauritius and other dignitaries from STC-M, IndianOil, MRPL and Ministry of Industry, Commerce and Consumer Protection, Govt of Mauritius.

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